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£1,175,000 Guide Price
Bedrooms
Bathrooms
Spread across 1,460 Sq Ft, this spacious converted apartment has a versatile layout set across multiple levels, coupled with high ceilings creating a sense of grandeur, nestled on the fringes of the Square Mile.
One Prescot Street is a sought-after lift-served residential development with a 24/7 concierge service and allocated underground secure parking, a Grade II listed Art Deco building by Ekins converted in the late 90s.
Located on the second floor, a split-level entrance hall provides access to each of the principal rooms whilst comprising ample storage in addition to a bespoke Art Deco inspired wine rack. The principal bedroom and second bedroom both feature dressing areas and en-suites, whilst there is a third bathroom set off from the hall serving guests and the third double bedroom.
An impressive split level living room boasts a mezzanine study with bespoke cabinetry set out with two work from home spaces. A semi-open plan sunken dining room is accessed via both the living room, and kitchen/hall creating a fabulous and practical entertaining space. The recently replaced kitchen is fully integrated, providing ample storage and surface space with integrated appliances.
Situation
Prescot Street is located to the east of the Tower of London and north of St Katharine Docks. Located only minutes away from Tower Hill (Circle & District Lines), Aldgate East (Hammersmith & City and District Lines), Aldgate (Metropolitan and Circle Lines) and Tower Gateway (DLR) stations, and other excellent links to the City, Canary Wharf and the West End.
The surrounding area boasts plenty of local amenities, popular restaurants and bars. The famous St Katharine Docks is just a few minutes walk from the property. The flat is within convenient walking distance of The City, Liverpool Street (Elizabeth Line), Fenchurch Street, Wapping, Brick Lane, Spitalfields and Whitechapel Station home to the recently opened Elizabeth Line.
Property Ref Number:
HAM-4583Map location is not available for this property.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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